People have been asking themselves the same questions for years now; "Am I too late to all this" "Is it worth it to invest now" so this is nothing new really. As a matter of fact I asked myself the same thing when I came back to crypto back in 2017, but luckily I realized that what I am thinking is nonsense and that is not too late a all to join this. Maybe we missed an opportunity to make millions with few hundreds of dollars, but still its not too late to get bitcoin.
Regarding the altcoins, again same thing; people getting into those dreaming about getting rich quick. Sure, some of them will make huge profits but majority will end up with way less than they would have if they bought bitcoin instead.
Topic: BTC seems to be fading out and loosing popularity. - page 4. (Read 720 times)
A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins. I had a conversation with a friend today about Bitcoin, investment and its very high transaction fees, he expressed his displeasure saying that like him, many others that he knew are no longer considering btc to invest in, rather, they are looking to invest in other crypto's.
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?
It is still too early to say that latecomers are already left out. I am thinking positively and hoping someday BTC could hit a million dollar each. If that happens then it's still too early to be left out when you buy at the current price of Bitcoin. Nothing is just impossible bout here, anything can happen, and there's room for growth. The fact that BTC dominance is still high is a proof Bitcoin is still a good choice for most people, new comers or the old holders.
A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins. I had a conversation with a friend today about Bitcoin, investment and its very high transaction fees, he expressed his displeasure saying that like him, many others that he knew are no longer considering btc to invest in, rather, they are looking to invest in other crypto's.
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?
You are totally wrong, if that is true, why there are too many institutions that invested in bitcoin, there are big and private companies that accept bitcoin. Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?
Bitcoin is being popular and that is the reason bitcoin price now pumped so much because they know that this is a good potential for storing value. Maybe yes, bitcoin has been failed on the peer-to-peer transaction but in storing value people, will believe that they will get more profit upon holding bitcoin.
That is the fact here.
What makes you think that the testimonies and opinion of your friends is enough to justify the fade out in popularity of bitcoin? Because the only time that it will matter is when you have around 100 million friends which is close to impossible if not impossible. There are a lot of countries and people that isn't reached by the digital tentacles of bitcoin so I think it is still too early to say that it is losing popularity considering that there aren't a lot of people that knows about bitcoin compared to global population, I think that it isn't even considered famous in the first place.
Many people will disagree with your claim, its just your friends that you are talking about, and they don't make the 100% of the population that uses bitcoin but they are just a part of it, I think that in the many countries, bitcoin is getting the opposite. But we can't ignore the fact that the transaction fees in bitcoin is expensive.
In what aspect of cryptocurrency that is fading out, to be sincere to you op, bitcoin is a cryptocurrency that can never fades up because it's a digital currency and no one can regulates it's values and it's existence, Note: the more people are castigating cryptocurrencies, the more Crypto information is been circulated, because these period, many people is investing bitcoin that shows that the popularity of bitcoin is still in higher motion..... except someone that is against bitcoin will portray negativity via btc.
Where do these "many people" come from? Literally, no one that I know of exits crypto because they believe BTC already reached its fullest potential. Just because a guy said he is bored with crypto doesn't mean the rest of the world said so.
I think you're generalizing tbh. Just take a look at the news, more and more firms are coming to buy and stock Bitcoin for the future.
I think you're generalizing tbh. Just take a look at the news, more and more firms are coming to buy and stock Bitcoin for the future.
Not all investors are losing interest on bitcoin when its price is volatile in the market, if you are not devoted on its price and full potential to secure our future then probably you will not really become successful with it. That's the reason why some holders are courageous and patient about bitcoin and they are observing and watching its price 24/7 in the market.
Hoping that most of us do have that kind of mindset and never leaving bitcoin just because you are not having any progress along with it.
Bitcoin can really secure our future, believe me because this is the mindset that most of us have.
If your investment in the digital currency market is low, you should invest in Altcoins, but keep in mind that your shopping cart should be diverse and do not invest only in one of the digital currencies. Also consider this point: Keep in mind that Altcoins use erc20 technology and their transfer and transfer costs have recently increased significantly.
For example, I have to pay a fee of about $ 35 to transfer a GOLD token, which is much higher than the Bitcoin network fee.
For example, I have to pay a fee of about $ 35 to transfer a GOLD token, which is much higher than the Bitcoin network fee.
A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins.
-snip
many felt the same way in 2017 when the price is skyrocketing(at least that's what the people around me felt that's why they didn't invest at the time). so I am not surprised that there are people who feel its too late because of the current price.-snip
Do you think it is too late for someone to invest in btc?
No, opportunities to invest always arise because of bitcoin's volatilities I suggest people who want to invest in bitcoin should take full advantage of it just like most(maybe all) traders do. Especially when it is not a huge sum?
how much is "not a huge sum"? in all honesty, I think investing with a small amount is impractical at the moment but just like what I said opportunities arise because of how volatile bitcoin is.
But if you are a bitcoin believer and showed to your friends about how the price history of bitcoin started, regardless of its price today, if we look into the future progress then buying bitcoin now will still be worth it.
Other bought bitcoin when new previous ATH price were reached but look at how they strong to hold it because they are very optimistic about it. If its for long term investment, it is not yet late to buy.
Other bought bitcoin when new previous ATH price were reached but look at how they strong to hold it because they are very optimistic about it. If its for long term investment, it is not yet late to buy.
many are looking to invest in other alt coins.
Another indication that 2017 is staring to be repeated.When bitcoin bull run starts to grow there is always an increased number of newbies coming into bitcoin world. Then these newbies are being bombarded with a lot of altcoin scams that promise them riches, obviously these newbies who don't know any better buy into these scams and eventually end up losing a lot of money.
Ask anyone who bought any altcoin in 2017 and didn't sell it in 2017. They lost from 50% up to 98% of their money by bag holding.
Just think about why Tesla, MicroStrategy, and other big companies bought only Bitcoin for their balance sheet, why not some altcoins?
One of the reasons why those big companies choose Bitcoin is could because Bitcoin is already proven that can become a store of value and with inflation can be avoided as time goes by.
That's why owning Bitcoin even a small amount is very important to me. To be honest, my portfolio's most allocated size is on Bitcoin, some others are altcoins.
One of the reasons why those big companies choose Bitcoin is could because Bitcoin is already proven that can become a store of value and with inflation can be avoided as time goes by.
That's why owning Bitcoin even a small amount is very important to me. To be honest, my portfolio's most allocated size is on Bitcoin, some others are altcoins.
Man, it's like the mentality back in the old days where Bitcoin wasn't appreciated or valued, and people were just ignoring it. That thinking should really be avoided tbh, cause first and foremost, you can't really turn back time, so might as well live with what you have right now. Well, if the market isn't really for you, no ones really forcing you to join in, but Bitcoin isn't limited in being something you can trade, it can still be used to move funds without much limits (ones made by the government usually).
Now if you really want to join in the market, well buckle up and prepare for a long ride since even with its high price right now, I can still see people making profits like the ones they made back then, it just has to take some time.
Now if you really want to join in the market, well buckle up and prepare for a long ride since even with its high price right now, I can still see people making profits like the ones they made back then, it just has to take some time.
As long as BTC is available in the market where you can buy $100 or less, its not too late. BTC is divisible. You don't even have to own 1BTC to invest in it. But yes your friend has an option to buy altcoins, its his choice. Almost everyone who are in crypto for years doesn't just have BTC on their wallets, they also have ETH and some altcoins they invest as sort of a gamble. Generally, they prefer to have BTC.
I disagree that bitcoin is fading out and losing popularity right now, every day there are big institutions buying up bitcoin and many more investors come to invest in bitcoin. Bitcoin is going strong day by day.
There can be various reasons why they think it is late for investing in bitcoin given the current price right now. Maybe they are afraid that events like the 2017 crash after the bull run might happen again. Investing in other crypto is not a bad decision either there are a lot of coins that have great potentials it really depends on their strategy. But for me, I think investing in bitcoin at this price is not a bad decision at all we just need to hit the right timing on buying.
There can be various reasons why they think it is late for investing in bitcoin given the current price right now. Maybe they are afraid that events like the 2017 crash after the bull run might happen again. Investing in other crypto is not a bad decision either there are a lot of coins that have great potentials it really depends on their strategy. But for me, I think investing in bitcoin at this price is not a bad decision at all we just need to hit the right timing on buying.
It is normal for them to look for other things because the price has stopped increasing they would look for other crypto that would give them a higher profit.
It didn't lose popularity they are just looking for higher profit since Bitcoin isn't pumping like crazy anymore they wouldn't earn much from it.
It didn't lose popularity they are just looking for higher profit since Bitcoin isn't pumping like crazy anymore they wouldn't earn much from it.
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What makes you think that Bitcoin is fading out! Bitcoin is getting more stable than before and more popular cause most investors are searching for the safest asset.
Only Newbies are invested in Altcoin cause they thought Altcoin is profitable and they are trying to catch an instant pump of Altcoin.
Most of them are returned to Bitcoin when they realized that instant pump or instant profit is not the main fact, the main fact is the safety of their investment. Bitcoin is not for weak hearted people or not for greedy poor people, Bitcoin is for those who have the patience for holding long term and planning to make a safe future by holding.
Only Newbies are invested in Altcoin cause they thought Altcoin is profitable and they are trying to catch an instant pump of Altcoin.
Most of them are returned to Bitcoin when they realized that instant pump or instant profit is not the main fact, the main fact is the safety of their investment. Bitcoin is not for weak hearted people or not for greedy poor people, Bitcoin is for those who have the patience for holding long term and planning to make a safe future by holding.
On the contrary, if bitcoin is losing its popularity, wouldn't the price goes to $60k? It should be around $10k by now, so that argument of yours is flawed.
And that mindset that bitcoin high fees and its not cheap right now has been debunked. There is LN, and if you invested on it just a year ago when the price goes down because of covid and then hold, you are in the profits right now. Just look at those investing on bitcoin right now, big companies, do you think they will throw billions on it because it is losing popularity?
And that mindset that bitcoin high fees and its not cheap right now has been debunked. There is LN, and if you invested on it just a year ago when the price goes down because of covid and then hold, you are in the profits right now. Just look at those investing on bitcoin right now, big companies, do you think they will throw billions on it because it is losing popularity?
A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins. I had a conversation with a friend today about Bitcoin, investment and its very high transaction fees, he expressed his displeasure saying that like him, many others that he knew are no longer considering btc to invest in, rather, they are looking to invest in other crypto's.
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?
Depends on your goal, Bitcoin though is being looked as long term investments.
Ethereum has also a high gas fees, so it's not just Bitcoin's issue. Of course, no one is stopping someone from investing in altcoins, but they are more riskier in my opinion. And Bitcoin's supplying is dwindling, but we have more demand because of institutions. So if you have to look at it, chances are the price are going to soar in the future.
A lot of people already feel left out, Almost like they have missed the opportunity to invest in bitcoin, many are looking to invest in other alt coins. I had a conversation with a friend today about Bitcoin, investment and its very high transaction fees, he expressed his displeasure saying that like him, many others that he knew are no longer considering btc to invest in, rather, they are looking to invest in other crypto's.
Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?
What losing popularity you are talking about?Do you think it is too late for someone to invest in btc? Especially when it is not a huge sum?
Where do you get that fata of people losing interest in Bitcoin?
AFAIK, the adoption is getting stronger and stronger everyday seeing those large institutional investors joining together I don't think there's a losing interest in that part. You may just have a complaint because of the high transaction fees because you don't know how to make the right decision of when to sell or send. It's just normal to see high transaction fees because Bitcoin is in bullish trend right now but if you could wait a little time that transaction fees will go down for a while, you just need some patience.
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